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tv   [untitled]    March 2, 2011 11:00pm-11:30pm EST

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months away what exactly does d.-day mean in the realm of economics we're going to find out from our financial correspondent and the f.b.i. has a lawsuit on its hands after charging a g.p.s. tracker to muslim american students car details on what the f.b.i. did from the man who's filed the lawsuit and then it's the latest example of washington's unusually close ties with special interest groups chris dodd has now been named the new chairman of n.p.a. supposedly the most prestigious job on k. street so what are the perks of selling out to lobbyists we're going to cover all that and more in tonight's show but first let's move on to our top story. continuing our coverage in libya there are more reports of major violence a libyan air force has bombed the oil refinery and the battle between rebel and profit off the forces is escalating meanwhile the u.s. is flexing its military muscles and could find a partner in the u.k. as artie's laura and i reports they might be the only ones who are on board. and we do not in any way the use of military assets we must not tolerate this regime using
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military force against its own people is this history repeating itself the british government getting the guns on standby as a country crumbles to impose a no fly zone in this case libya in two thousand and three it was iraq it's looking very dangerous it's looking quite possible that they will launch such an attack with or without un approval and so we're looking at almost a repeat of what happened in iraq and indeed the results are suspect to be largely the same but not every country is getting that treatment and libya is not the only african nation in turmoil somalia is drawn out conflict is being called a slow genocide but there's little sign of u.s. or european military input and it's a similar story on the other side of the continent there are events unfolding right now in ivory coast where there is also conflict an armed conflict between rebels
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and the government but nobody seems to be thinking of that it's only because fashionable attention is focused on libya oil but also for the political implications of the middle east as a whole as we all know the west including my own country has got its hands very dirty with the libyan leadership over recent years dirty with black gold and libya has the largest proven oil reserves in africa more than three percent of the global toso and there could be a lot more undiscovered the only reason with libya is better your oil here anybody screaming. yelling about all those people last week they were killed in iraq. i guess cocoa was it that much of a national priority but in somalia there was precious little help while the body count rose over the years except for one brief but disastrous intervention involving u.s. soldiers immortalized in the movie black hawk down american forces failed at great
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cost to stabilize the country they know quickly and haven't returned and the lessons were learned when it came to iraq which remains of the staple even now with only feeble sheets of that much vaunted democracy allied troops are equally bogged down in afghanistan with no convincing timeline for withdrawal and an ever rising death toll could be clear to an idiot but the mess that's been made in afghanistan the terrible disaster that was caused in iraq really shouldn't be voted on any more countries in the middle east it's a model today's troubled african nations will want to impose. a puppet government which is still ruling. american military occupation of iraq really. help. the middle east need and american and european government shouldn't look for backing. up to a million marched in london even the invasion of iraq in two thousand and three and
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times have changed this is now austerity britain where starting another war was factored into the budget british troops are already fighting an unpopular war in afghanistan it's highly unlikely the public has the appetite for again getting involved in someone else's struggle battling as they are at home in the face of deep cuts rising unemployment and it's unlikely to be popular inside this building the ministry of defense has to slash spending by more than seven and a half billion dollars in the next four years it's an intervention britain would find hard to afford. on many levels you'll read it so it's see. today rebel leaders in eastern libya call for international military intervention to help them topple gadhafi they say if they don't want ground forces they don't want another iraq or afghanistan just airstrikes weapons maybe a little help in the form of a no fly zone but the thing is it's not that easy something that the us media seems
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to be completely missing as they paint the picture of international intervention as a necessity repeat the words of u.s. and british officials who call it a moral imperative but is another military conflict really in the world and specifically in america's best interest and why does this civil war call for our attention while we've stood by and watched conflicts in africa go on for years here to discuss it with me is michael lieberman a fellow at the truman national security project michael thanks so much for being here now let's first talk about what a no fly zone it would actually mean right there's a lot of talk about it rumors swirling around now we have you know libyans are calling for one but as general mattis said today you know this isn't just telling planes not to fly this would be a military operation and it's a serious military operation it would intil probably stationing two aircraft carriers out of the coast of libya two aircraft carriers are now on their way to the mediterranean it might entail using planes from military bases in italy and it
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would require destroying targets on the ground radar stations air defense batteries and continuous overflights that might also entailed challenging libyan planes that tried to defy the no fly zone and possibly shooting them down it could also entailed military u.s. military aircraft being shot down and u.s. soldiers being put at risk so it's a serious undertaking that's why the obama administration is really considering its options and taking its time so this is this will be putting lives at risk like you said this is a military operation often what we keep hearing right now too is that we don't want this to become iraq or afghanistan or a repeat of i. either one but do we have any. any confidence that if we were to intervene that it would it was always the risk of mission creep that once you begin a military operation that new circumstances arise the call for a little bit more a little bit more than we've been seeing that a lot with many of our other conflicts like iraq and afghanistan seems like that's a bit of a habit of ours well that can occur but the obama administration's been very clear
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about what the no fly zone would be put into place for and it would be to prevent a humanitarian catastrophe khadafi as we all know is about to shed rivers of blood rivers of blood with his own nation to fight to the last drop in maintaining his hold on power and if we were to see serious crimes against humanity then the international community led by the united states mine don't have any choice of words who live up to the principles that the united nations stands for in the respect responsibility to protect principle but is that really true i mean if we look at the track record as you just say that clearly there are some interests here perhaps something called oil that is really driving all of this i mean there are other regions in the world especially if you look at a lot of african countries where there has been civil war there's been genocide going on and yet we've stood by and watched that humanitarian crisis go on where's our moral imperative there and we've regretted it but the united nations has sent peacekeeping troops to places like the congo to somalia throughout africa in bosnia
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we intervened as well and that always haunts us and we don't want that to happen on our was certainly the president does not and that's why this is a serious possibility what role do you think of the media's playing here because the me of course i think it's the media's job to to cover these stories right there trying to get people on the ground because people are dying people are fighting for their freedom here but at the same time are they not analyzing the other side of it of what that would actually mean if we were to intervene if we got our military involved well i think the media has had a big diff we had of their job cut out for them keeping track of. bents and i think that there have been enough reports on the ground there's probably got a lot better at their geography lately how they think so they could probably find libya on a map there are many reports on the ground though reporters who are seeing these massacres occur and who are seeing these bombing runs occur and you know that's tells a story you can analyze that as much as you want but when libyans are being killed and when they're calling for intervention then that's something we have to listen
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to but do you think that if the united states did decide that they feel like intervention here is necessary it would be just the u.s. and britain we have be the only players here because there does not seem to be a consensus amongst the international community at the u.n. security council china and russia are not on board they have the system least resistance to intervention in other nations internal affairs as they see them but there is a lot of consensus the international community there was consensus for a very strong set of sanctions that just passed you know nations security council whether that extends through no fly zone will have to be seen and also will depend to a great extent on the bloodshed that we see occurring if you remains a fairly low level civil war and i think you won't see enough movement towards a no fly zone or military intervention but if gadhafi really lives up to his promise and to fight to the last man and woman then the pressures might become too great and even russia and china might consider reconsidering and i definitely think of the a politically popular move right now at home if you look at the latest rasmussen
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poll reports sixty seven percent of americans say that they think the u.s. should stay out but we'll see of course as the situation unfolds if some of those sentiments change but in the meantime we also hear hillary clinton rattling about the al qaeda threat that's the biggest reason that we wanted to to intervene there michael thank you so much for joining us too. now before we wrap up our coverage on libya tonight the jew miss u.s. secretary of state hillary clinton testifying today on capitol hill there she mentioned foreign media including our team she was defending her department's budget said that she was losing the information war around the globe and clinton recall the story of an afghan man telling her what he thought of the u.s. media and i remember having an afghan general tell me that the only thing he thought about americans is that all the men wrestled in the women walked around a bikini's because the only t.v. ever saw was baywatch and worldwide wrestling. nice quote there hillary says a lot about the media she then stated that r t along with al jazeera and c.c.t.v.
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are killin it. al-jazeera is winning the chinese have opened up a global english language and multi language television network the russians have opened up an english language network i've seen it in a few countries and it's quite instructive. i dare say that i think that means that we're making an impression we're going to have more on that story for you tomorrow and still to come tonight budget cutbacks have some police departments actually using volunteers to investigate crimes that story when we return and after nearly three weeks of protests in wisconsin over union busting attempts the protests are now spreading to other states i'll speak with a student newspaper reporter from columbus ohio interest in the. premier league. on the right. we.
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have heard. in order to fight the fallout from the economic crisis cities all over the country have found ways to pinch pennies and cut costs and we've mentioned before the police stations have now fired significant portions of their staff in cities around the country but have you heard about volunteers replacing the role of police officers this is an experimental project and fresno was the first to enact this new concept training of volunteers ordinary people off the streets to fulfil various
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roles within police departments now right now the trained volunteers are performing all sorts of activities from searching for missing persons to collecting evidence at crime scenes to interviewing witnesses now real plot police officers say that the training is rigorous for those volunteers but i don't know should volunteers that really be trusted with jobs like this i mean can you imagine the interrogation process by volunteer cops and certainly doesn't make me have a whole lot of trust in the system. ok everybody listen we've had an incident somebody left their food in the fridge overnight and due to budget cuts we don't have the camera working we also have the people to investigate so i need some volunteers anybody anybody anybody. i guess you can do it so i'm going to need you to us step into my office.
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in i need you to tell me where you were on friday i was work would you do after work. i went to the bar would you go with i went with some friends and my girlfriend to meet anybody there you know take somebody's home have a little party some friends so you took two people. one of my words you get this room you set this up yourself did you use protection on friday and why what did you eat for dinner on friday night i want to play you walked all the way to. you it was nice of you do you know how many calories are in a chipotle a burrito. why if you've been working out i did join a gym but i don't i'm so confused why we here and i feel like you're being
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a little deceptive with my questions here you know i think i might have to put you on my suspect list. so all right all joking aside can volunteers really handle the work of cops think about all the ways that this could backfire not only is there a lack of training but can you really be sure that i don't know a pizza delivery guy is going to be accurate when they're collecting evidence and what about if this case goes to court surely the judicial system is going to call out the volunteer if they're ever questioned about their training this is not child's play this is police work investigations arrests things that affect people's real lives because people go to jail so look i get it the police are trying to find a way to get the job done but i really don't think that vigilante volunteers are the best route to go on this one so let's scrap this experiment and go back to the drawing board shall we. now thousands of people came out to protest at the state capitol in columbus ohio today as the state legislature began hearings on
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a bill that targets public sector unions like wisconsin this bill would strip public employees of most collective bargaining rights and take it a step further prohibiting state and local public employees from striking ohio faces a budget deficit of nearly eight billion dollars and again republican lawmakers and the governor are painting this as a necessary step to fix the budget woes but is this really just another example of the national war on unions that's happening across america joining me to discuss this corey schaefer a campus reporter for the lantern i don't know versity in columbus corey thanks so much for joining us to me and i appreciate you now there have been. reports of some people say that eight thousand people came out to protest in front of the capitol that was reuters a.f.l.-cio so there were twenty thousand people did you happen to be there see with your own eyes you have a guesstimate. you know i wasn't there today i was there yesterday when they were
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voting by voting but they were talking in committee about it yesterday that i got from the state house was eighty five. eighty five people that's still a lot of people considering that you know we don't so often see americans come out to the streets the way that we have in the last few weeks really yeah it's nowhere as they used wisconsin in madison or anything like that but that's just a story because madison wisconsin have such more of a labor history but yeah i mean it's great to see people whether they're for the bill or against the bill either way just people coming out and voicing their opinions and burgess baiting in democracy. but do you have an opinion on this of course these lawmakers are saying that this isn't about union busting this is just about you know this is a balancing act to fix the state's budget how do you see it. well i don't really have been reporting on it so i can't really give my opinion but from what i've seen in the crowd of a lot of people do see it as union busting especially people from the unions selves
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see it as union busting one of the students i talked to from o.s.u. who gave a speech who's trying to become a teacher isn't a program he graduated from the u. he's in a program to become a teacher he says he basically sees this as part of a larger agenda of republicans to strip people democratic supporters of everything they care about n.p.r. planned parenthood. programs like that mostly democrats support so that's that's what he feels about it and he steps in it only not alone now from what i understand in ohio the roles are a little different than in wisconsin they only need a simple majority to pass a vote so having democratic lawmakers flee the state wouldn't really help them now they have a republican majority but do you think the democratic lawmakers in ohio are really willing to battle this one out. you know i think they're going to try i spoke to
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the senate house minority leader yesterday armin brutish and he said that he's going to do everything in his power to try to stop the bill. and because the g.o.p. has such a high a majority after the november elections. this bill actually passed the senate today seventeen to sixteen there were twenty three republicans and ten democrats so they just barely got the majority in the house or in the senate rather and in the house the make up is fifty nine republicans forty democrats so they're going to have to get a lot more republicans coming over so that vote against the bill to get so. right now it's looking like it very well could pass now what is it the do you think the people are mostly upset about the fact that their collective bargaining rights are being threatened or even the fact of the this bill tries to take it a step further and ban state employees from being able to even protest. it seems like most people are are against the collective bargaining.
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certainly certainly the protests the protesting ban is not you know flying too well with them but the really everyone has spoke to basically said that they want the issue they want to be able to sit at the table with their employer and bargain for their wages and their benefits of that they can feed their families and send their kids to college and buy medical insurance and all that stuff that seems to be what everyone is mostly upset about. what do you think about the media coverage so far mina you know everybody has been focusing their eyes on wisconsin but do you think that ohio is getting enough attention here. it's been pretty well balanced most of the early on it was more more sort of madison just because the protests there were so much so much more numerous and in columbus as you know in ohio moves further in the senate and further along and more people come out to the state house to protest it has been getting support almost equivalent to wisconsin you know we didn't
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embody print the governor either so that probably helped do you think that we're going to see more people come out in the coming days i think so i really do think so the soon i talked to his name was low class. perspective teachers said if the bill does pass and governor case it does signed into law then they're going to create pursue a ballot initiative to have voted on in november. so if the if the bill is not voted on by the public and supported by the public on that ballot initiative then it would not be it would not pass our car i want to thank you very much for joining us and we'll continue to follow this from here in d.c. so thanks for i mean i don't appreciate it thanks. june thirtieth two thousand and eleven is quickly approaching the day that the federal reserve's q.e. to the six hundred billion dollars bond buying program will and and you might be asking so what consumer spending is consistently on the rise unemployment is
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falling interest rates are low and the u.s. economy is expected to expand by four percent this year but according to bill gross founder of the bond giant pimco and best friends should look at june thirtieth like d. day the date of the band-aid gets ripped off of a partially healed scab a day as he writes fraught with hope for victory but fuelled with immediate uncertainty and fear as to what would happen in the short term so what does he mean by that well joining me from our studio in new york to discuss it is our chief financial correspondent lauren lyster lauren thanks so much for joining us now june thirtieth is going to be d.-day according to bill gross here so i guess just just lay it on give us all the details as to why it's so scary. well you know bill gross huge investor runs the world's largest bond fund so he has a major stake in this market but he's essentially saying and pointing out what everybody is known you know q.e. as he has been a very high profile program where the fed has been pouring all of this money out
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into the market buying u.s. bonds buying up u.s. treasuries so what it's essentially been doing is propping up that market six hundred billion dollars this time the first round q e one right before that one point five trillion dollars so trillions of dollars that have been boosting up this market and bill gross his assertion is that when that money is gone there may not be the private investment to replace it and that this market could totally take that bonds could tank and that's the argument that he's making and pretty strong words this time but he has been down on bonds and how to bearish outlook for quite some time he's just using some pretty severe language in this latest note now is there any chance that the federal reserve isn't going to go along with their schedule that on june thirtieth they aren't in fact going to cut this program or that perhaps they might even i don't know announce a q e three. well it's a great question you know there haven't been a lot of reports that the fed won't end its buyback program on june thirtieth as it
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has planned that is when it's scheduled to end but we have heard new rumblings of q e three now the only problem with this is that there's been such a huge backlash against the fed after this last buyback program this last quantitative easing program from members of congress from the public it's gotten a lot more media attention so it doesn't really seem that there is the political will or the political support for that kind of a move but that certainly could be one option as far as the buyback ending though it seems to be that this is what people are expecting to happen on schedule as planned not to mention of course it's gotten a lot of international attention as well with a lot of critique coming from. but i want to you know law that concern about the inflationary pressure i'm just wondering then how is it going to affect people like yourself or like myself if in fact this bill gross you know comes true. that depends a loaner you invested in bonds i mean one of the arguments is that bonds have been a safe asset so people that run retail funds for just average folks can put
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a lot of money into the bond market because it's seen as safe as opposed to stocks which have been perceived as risky and people really flocking to safe investments during these tough turbulent economic times where they don't want that risk so if this market was to crash that means the investments of a lot of people average folks would take a hit now the other way that this could have an impact is bond prices and interest rates are directly related they are like a seesaw so if bond prices go up interest rates go down which is what has happened with the fed's actions that they've taken now if those bond prices are to go down which could happen as a result of the fed not pumping them up with the money that they've been pumping into them that means that interest rates would go up that means that all of the debt that people hold just average tom dick or harry is in their house in their credit cards that their debt will become more expensive so that house that you know maybe somebody can't afford on that adjustable rate mortgage that's going to go up that's going to become more expensive and that is the impact that it could have on
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average americans now very quickly is bill gross the only one the saying the facts are going to be so catastrophic are other people out there agreeing with him or does he just have a real dog in this fight. well analysts that i've spoke to has say that bill gross has a really good track record and he's obviously very dollars in this market because he runs the world's largest bond fund so people do pay attention to what he says they have a are known to have a really good research term team at pimco like i said with a good track record so what he says people definitely pay attention to that said anytime an investor comes out saying things like this you have to assume that he's talking his book that he's going to be possibly putting out a position that would affect the company's position and whatever holdings that they have you know someone that runs the world's largest bond fund you know are they going to gain if the fed puts more money into the market yes so you do have to question the source well let's hope it won't be as devastating as he's predicting lauren thanks so much for joining us. now so to come in tonight's show fox news
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spreading false facts when it comes to covering the protests in wisconsin we have the proof of their fair and balanced coverage ahead tonight school time segment and then tracking the muslims in the u.s. we'll speak with a man who's suing the f.b.i. for placing a g.p.s. tracker on his car or your i phone. to be soon which right. from phones to the question. don't talk don't come.
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and again this is to the. as britain considers sending with a tree backing to the libyan opposition stoking fears of another disastrous middle east war. others say they're against foreign military intervention in the region. trouble challenge u.s. secretary of state hillary clinton says the u.s. is losing the global information that america's media corporations do the job on losing out to rivals like al jazeera and see a wish. and an aussie deal the soviet union has been celebrating his eightieth birthday and on the whole go but all day but in a wall came down on democratic reforms but critics say the goal destruction. is to have lost to the.
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right it's time for tonight's tool time award and we're giving it to fox news for their coverage of the wisconsin union protests now if you watched any of their fair and balanced coverage you might be under the impression that there's been a lot of violence and madison take a look at the clip of this fox reporter mike tobin doing a live report only blurts out to fox nation that he was assaulted by a protester. you know but i put him in this situation because you're being cheap. you're. there is just. going right. now that got let me show this is what you know. it sounds very very serious i'm sure that mike was really shaken up by this brazen attack.

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